Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers
Green Car Congress
OCTOBER 23, 2014
For example, the pricey Tuscaloosa shale in Louisiana breaks even at about $92 per barrel. But that also reflects the high costs of starting up a nascent shale region. Another factor that could insulate US oil production is that companies also factor in sunk costs. Much rides on the decision making of officials in Saudi Arabia.
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